Due Diligence over Financial Reporting (Completed)

The transaction process involves many moving pieces, with sellers and buyers negotiating the terms of their deal, attorneys and accountants scrutinizing the language in the related purchase agreements, and deal finalization dependent on the accuracy and reliability of the seller’s financial records. In order to ascertain the reliability of that financial data, the due diligence process performed by qualified accountants, is an essential part of the process. While the need for this process may be obvious, some of the steps involved in the process are not well known or understood. This course will help you understand the “why” and “how” of the process and provide a framework for a better understanding of the risks inherent in this work.

Who Should Attend
Anyone with financial reporting responsibilities and those in public accounting serving clients who are engaged in mergers and acquisitions.

Topics Covered

• Overview of the due diligence process from inception to conclusion
• Inherent risks in the process which the practitioner should consider
• Key steps to ensuring the diligence process is efficient and effective
• Reporting and delivery tips and examples

Learning Objectives

• Recognize when due diligence is needed, and understand how to safely and properly engage with the client
• Identify how to guide clients and other users of the due diligence data
• Describe the due diligence process from beginning to report delivery
• Recognize how to identify specific risks in the process, and how to mitigate the exposure to the practitioner during the engagement and upon delivery of the final work product

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites
None

Advance Preparation
None